Bitcoin Price Declines Below $96,200 Amid Bearish Trends
Bitcoin Price Overview
- Bitcoin is experiencing a decline below $96,200.
- The price retested the $95,000 support zone and is currently struggling to recover.
- A bearish trend line is forming with resistance at $96,000.
- Immediate resistance is near $96,200 and key resistance at $96,750.
- Support levels are at $95,000, $94,200, and $93,400.
Bitcoin failed to break through resistance levels of $98,500 and $98,000, leading to a decline below $96,200. The price reached a low of $93,388 but has since attempted a recovery above $95,000. If Bitcoin does not surpass $96,000, it may face further declines, potentially reaching the $92,200 level or lower.
Technical indicators show the MACD losing momentum in the bearish zone and the RSI below 50.
